The government on Tuesday appointed K Ganesh, 58, executive director, Life Insurance Corporation(LIC), as the member, Life , IRDAI.
He will be the member, IRDAI, for three years or till he reaches the age of 62.
The appointments committee(ACC) has approved the appointment of Ganesh K, ED, LIC to the post of whole-time member(Life)in IRDAI , said a notification from the department of personnel and training(DOPT) on Tuesday.
DOPT notification will be followed by another communication from Minisstry of Finance(MoF) soon.
Ganesh has to now resign from the LIC to join the Hyderabad based insurance regulator.
“I have to complete a few official formalities in LIC before joing the IRDA,'' said Ganesh to Asia Insurance Post.
The post had fallen vacant after N Sathe had retired from the post in April end.
Around 10 senior officials of the LIC had apperaed for the interview conducted by a high powered panel headed by Cabinet SecretaryPK Sinha.